9013 16th Ave SW UNIT 8SeattleWA98106
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 9013 16th Ave SW UNIT 8, Seattle, WA, 98106 in Seattle: $2,060/mo in rent, $631/mo net, 10.46% gross yield, all on a $236,300 acquisition. The 1.94 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $65,285 in value, and $2,176/yr in principal paydown steadily builds equity. Projected total cumulative return: $130,059.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 4.8% |
| Monthly Cash Flow | $631 | $1,250 |
City averages based on Seattle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,060 |
| Total Monthly Debt Service | $1,335 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1947
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98106, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,278 (100%) |
| Owner Occupied HU | 6,315 (56.0%) |
| Renter Occupied HU | 4,548 (40.3%) |
| Vacant Housing Units | 415 ( 3.7%) |
| Median Home Value | $731,639 |
| Average Home Value | $831,135 |
Housing Distribution
Address Breakdown
Residential
11,266
Single Family
8,359
Multi-Family
2,907
Businesses
483
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Apartment
Built in 1947
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98106, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,278 (100%) |
| Owner Occupied HU | 6,315 (56.0%) |
| Renter Occupied HU | 4,548 (40.3%) |
| Vacant Housing Units | 415 ( 3.7%) |
| Median Home Value | $731,639 |
| Average Home Value | $831,135 |
Housing Distribution
Address Breakdown
Residential
11,266
Single Family
8,359
Multi-Family
2,907
Businesses
483
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A